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The Effects of Exchange Rates on Export Prices of Farmed Salmon

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Author Info
Xie, Jinghua
Kinnucan, Henry W.
Myrland, Oystein
Abstract

The CBS inverse demand system is extended to include exchange rates. Applying the extended model to trade data for farmed salmon, results suggest export prices are at least as sensitive to changes in exchange rates as to changes in trade volume. Exchange rate pass-through (absorption into export prices) is complete for the Chilean peso and the British pound, but incomplete for the Norwegian kroner and the US dollar. This suggests producers in Chile and the United Kingdom (UK) are more affected by short-term movements in relative currency values than are producers in Norway and Rest of World (ROW). Model simulations suggest currency realignments, especially the depreciation of the Chilean peso, contributed to the 2003-04 collapse in world salmon prices.

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Publisher Info
Article provided by Marine Resources Foundation in its journal Marine Resource Economics.

Volume (Year): 23 (2008)
Issue (Month): 4 ()
Pages:
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Handle: RePEc:ags:mareec:54153

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Related research
Keywords: Exchange rates; flexibilities; inverse demand system; Demand and Price Analysis; International Relations/Trade; Q13; M30; F10;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Dabin Wang & William G. Tomek, 2007. "Commodity Prices and Unit Root Tests," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 89(4), pages 873-889, November. [Downloadable!] (restricted)
  2. Park, Hoanjae & Thurman, Walter N. & Easley, J.E., Jr., 2004. "Modeling Inverse Demands For Fish: Empirical Welfare Measurement In Gulf And South Atlantic Fisheries," Marine Resource Economics, Marine Resources Foundation, vol. 19(3). [Downloadable!]
  3. Toshinobu Matsuda, 2005. "Differential Demand Systems: A Further Look at Barten's Synthesis," Southern Economic Journal, Southern Economic Association, vol. 71(3), pages 607-619, January.
  4. Byron, R. P., 1984. "On the flexibility of the Rotterdam model," European Economic Review, Elsevier, vol. 24(3), pages 273-283, April. [Downloadable!] (restricted)
  5. Brown, Mark G & Lee, Jonq-Ying & Seale, James L, Jr, 1995. "A Family of Inverse Demand Systems and Choice of Functional Form," Empirical Economics, Springer, vol. 20(3), pages 519-30.
  6. Dragan Miljkovic & Gary W. Brester & John M. Marsh, 2003. "Exchange rate pass-through, price discrimination, and US meat export prices," Applied Economics, Taylor and Francis Journals, vol. 35(6), pages 641-650, January. [Downloadable!] (restricted)
  7. Anderson, James L., 2002. "Aquaculture And The Future: Why Fisheries Economists Should Care," Marine Resource Economics, Marine Resources Foundation, vol. 17(2). [Downloadable!]
  8. Fousekis, Panos & Karagiannis, Giannis, 2001. "Wholesale Level Demand for Fish Grades in Greece," Applied Economics Letters, Taylor and Francis Journals, vol. 8(7), pages 479-82, July. [Downloadable!] (restricted)
  9. Richard C. Bishop & Matthew T. Holt, 2002. "A semiflexible normalized quadratic inverse demand system: an application to the price formation of fish," Empirical Economics, Springer, vol. 27(1), pages 23-47. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Asche, Frank & Guttormsen, Atle G & Tveteras, Ragnar, 2008. "Aquaculture—Opportunities and Challenges: Special Issue Introduction," Marine Resource Economics, Marine Resources Foundation, vol. 23(4). [Downloadable!]
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This page was last updated on 2009-12-11.

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